Happy Saturday good degens!
Let’s get after it!
As always… stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles):
Total Crypto Market Cap: $3.39T
QQQ (Nasdaq 100): $521.51
Gold: $3,201.70
Oil (WTI): $62.49
US 10Y Treasury: 4.445%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Excitement continues to build with everything @QuaiNetwork-related - and @kippermoney is becoming one of the biggest aspects of it!
Once again, Quai Network is an extremely cool new EVM-compatible, GPU-mineable, POW (proof-of-work) blockchain based around the idea of tokenizing computing energy…
It works via the dual-token model of $QUAI and $QI - with $QUAI as the main token and $QI as an “energy dollar” or “flatcoin”.
Within this, @kippermoney is Quai’s extremely cool new creator monetization tool on Twitter/X - through which you can also earn your first $QUAI via sign-up and referral incentives!
It is seeing tremendous success so far and beginning to fill what was clearly a big need on the platform!
Make sure to follow Quai on Twitter for more updates, see the example tweet about Kipper from @glennonchain below, and the excellent explainer video from @ChristopherNFGG below that!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Top 50 chains up at least 20% on the weekly include Tron (#3), PulseChain (#27), and Morph (#40).
Protocols are also mixed today. Top 50 protocols up at least 20% on the weekly include JustLend (#8), Raydium (#22), and Solv Protocol (#33).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $100M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $100M TVL: (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Yield Opportunities
(Note! This section is brought to you by our Official Sponsor @upshift_fi! We will include some of their top yield opportunities below as well some of the top ones from sorting on @DefiLlama (single-exposure, no-IL, $25M+ TVL) - note: the DefiLlama ones are just pulled from the raw data, so make sure to always DYOR!)
-30.00% APY on Injective USDT strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-15.00% APY on August Mezo tBTC strategy - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-30.00% APY on USDC Sylva concentrated liquidity strategy - managed by Sylva(dot)money - with additional 5x Bonus Points - via Upshift (click here)
-10.80% APY on rsETH strategy - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-16.57% APY on USDO++ on Usual h/t DefiLlama research
-11.08% APY on USDC on Tokemak h/t DefiLlama research
-9.55% APY on USDC on Goldfinch h/t DefiLlama research
-7.50% APY on GHO on Aave V3 h/t DefiLlama research
Check out the full list of Upshift yield opportunities here or by clicking the banner below!
New Projects
(note: this includes new projects we find through combing Twitter each day and going through newly launched protocols added by @DefiLlama, limited primarily to new projects that have at least some TVL or are followed by at least some of our mutuals… Disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @notdotmarket. Twitter bio states “Trade narratives not tokens”. Followed by 4 of our mutuals. h/t @twindoges:
-New project called @QU3ai. Twitter bio states “AI agents rely on vulnerable APIs. We built quantum-secure MCP servers for private inference and cryptographic result signing to keep data and wallets safe.” Followed by 3 of our mutuals. h/t @twindoges:
Important News And Analysis
-Lot of focus in macro circles on Moody’s downgrading the United States’ credit rating, h/t @KobeissiLetter:
-Reminder though re: the above from @WarrenPies that the US just needs to continue its current path of ongoing moderate currency debasement to continue paying its debts and entitlements in nominal terms:
-Famous Ethereum/EVM wallet MetaMask announces it will add support for Solana/SVM, h/t @Cointelegraph:
-Funding rates on $BTC still relatively low, h/t @TheDeFinvestor:
-It appears that Kraken will either be going public with stock ticker $KRAK or else releasing a token with that ticker, h/t @Grantblocmates:
-Lots of discussion about GameFi project Nyan Heroes shutting down, h/t @0xAbhiP:
-Top 5 crypto fundraising rounds this week included @perpltrade, @KYDLabs, @turtleclubhouse, @xpticket, and @nirvanalabsai - h/t @immutablejacob:
-Crypto M&A continues to ratchet up, h/t @0xGeeGee:
-$TAO/Bittensor subnet 14 continues to generate attention for its Bitcoin-mining:
-Sui stablecoin market cap hits $1B, h/t @Cointelegraph:
-Are many crypto OG’s and fund managers struggling behind the scenes? h/t @sjdedic:
-First new airdrop video in awhile from @KryptoCove:
-New @Blockworks_ video featuring @fejau_inc and @qthomp:
-New episode of @Lightspeedpodhq with @_ryanrconnor discussing the Believe app:
-“becoming successful in crypto is equally having high EQ as it is having high IQ” - parting wisdom c/o @brodydotai:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Sponsor are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.